News BP had originally projected that its settlement in the case would cost $7.8 billion but later boosted this to $9.2 billion

A panel of the 5th US Circuit Court of Appeals has affirmed a federal judge's approval of a multi-billion dollar settlement between BP Plc and businesses and individuals who lost money and property in the 2010 Gulf of Mexico oil spill.

BP shares rise after Deepwater Horizon compensation deal

Shares in BP have risen by 2 per cent after the oil giant agreed a £4.9 million deal with 110,000 businesses and individuals affected by the Deepwater Horizon disaster.

What The Sunday Papers Said

The Independent on Sunday: BP to review dividend after Gulf spill deal

The Deepwater Horizon oil rig burning after last year's explosion in the Gulf of Mexico

BP agrees £4.9bn Gulf of Mexico spill payout

BP has reached a £4.9bn deal with thousands of people hit by the oil giant's Gulf of Mexico disaster.

BP sells gas assets for $1.2bn to help pay for spill

BP is selling its interests in the Hugoton natural gas field in Kansas and its associated processing plant to America's Linn Energy for $1.2bn (£757m) in cash.

BP and plaintiffs extend talks on compensation

Hopes were raised for a multi-billion dollar settlement of claims over the Deepwater Horizon oil spill last night, as BP won a delay to a trial that had been due to start in New Orleans today.

BP's gross negligence trial opens in New Orleans

The head of BP in the US oversaw an oil drilling operation that allowed workers to make cavalier decisions on safety and failed to investigate mistakes, it will be argued in a New Orleans court this week.

James Moore: There's still a big oil spill on BP's road to recovery

Outlook BP is back on the right path, at least in the view of American chief executive Bob Dudley, who had the City gushing over his figures like he hopes the 12 new exploration wells BP will dig this year will be gushing with oil.

Ex-safety chief Castell to step down from board

Sir William Castell, the man who oversaw safety at BP in the run-up to the Gulf of Mexico oil spill, is leaving the company.

BP is told to cover Halliburton over oil spill costs

BP has suffered a further blow in its bid to share the billions of dollars of costs arising from the Gulf of Mexico oil spill.

Blow-out firm pays BP £160m for Gulf oil spill

BP will receive a $250m (£161m) payment from Cameron International, a contractor on the Macondo well, in settlement of their dispute over liability for the Gulf of Mexico oil spill.

BP wins key legal cases in Russia

A Russian court threw out two potentially debilitating multibillion dollar lawsuits against BP yesterday, handing the oil giant a key victory in the legal quagmire around its failed attempt to strike a joint Arctic venture with Rosneft.

BP sends letter to oligarchs

BP has written to its main partner in TNK-BP seeking assurances that there will be no repeat of what the oil giant described as a breakdown of corporate governance at the main operating unit of its Russian joint venture, TNK-BP Holding (TBH).

The business on...Maxim Barsky, Deputy Chairman, TNK-BP

Who he?

Deputy chairman of TNK-BP, the oil joint venture between BP and a consortium of oligarchs in Russia. Well, he was anyway.

David Prosser: A rare morale boost for embattled BP

Outlook Good news has been in shortsupply for BP of late, but yesterday's report from a group of US regulators will have given thecompany a boost. It concluded, like several other reports before it, that last year's Deepwater Horizon oil spill disaster was the fault of all of the companies and contractors involved rather than being the sole responsibility of BP (as the hysterical reaction towards the British company from US politicians might have suggested).

Van Wilt presents a trilogy of slick plays

Last year when the BP drilling rig Deepwater Horizon exploded in the Gulf of Mexico, the resulting oil leak hit headlines around the world for a short while, but for local residents its effects are still being felt.

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